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Britannia: 4% merit pot

Key details

Pay award: 4% merit budget

Employees covered (nos.): all staff (3,300)

Effective date: 1 January 2006

Around 3,300 staff at the Britannia Building Society have been awarded all-merit increases from a 4% pot, effective 1 January 2006. Increases are awarded according to the organisation's performance grading, with no pay rise given to the poorest performers.